https://www.taxtmi.com/caselaws?id=262926 The Tribunal allowed the assessee's appeal in part, granting depreciation on non-compete rights as intangible assets. However, the disallowance of contractual payments to Xylon Holdings Pvt Ltd was upheld. The revenue's appeal challenging the determination of the Arm's Length Price (ALP) for transfer pricing adjustments was allowed, disallowing the 5% safe harbor adjustment. The order was pronounced on 14th August 2015. en-us Fri, 14 Aug 2015 00:00:00 +0530 Fri, 21 Aug 2015 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262926 The Tribunal allowed the assessee's appeal in part, granting depreciation on non-compete rights as intangible assets. However, the disallowance of contractual payments to Xylon Holdings Pvt Ltd was upheld. The revenue's appeal challenging the determination of the Arm's Length Price (ALP) for transfer pricing adjustments was allowed, disallowing the 5% safe harbor adjustment. The order was pronounced on 14th August 2015. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262926